Nearly $334 million worth of tokens will be unlocked in December, with. Aptos, Optimism, and 1inch introducing a significant amount of new tokens.

December has begun, marking the start of the holiday season. However, token unlocks show no intention of taking a break, even during the last month of the year.

December Kicks Off With $34 Million 1Inch Token Unlock

According to TokenUnlocks, the decentralized exchange (DEX) aggregator 1inch is set to release tokens constituting approximately 9.48% of its total circulating supply. Within one hour of publication of the press release, a total of 98.74 million 1INCH tokens, with a value of $33.97 million, will be introduced into circulation.

The project’s team, investors, and venture capitalists (VCs) are the beneficiaries of this token unlock.

Read more: Crypto Hedge Funds: What Are They and How Do They Work?

1Inch Token Unlocks. Source: TokenUnlocks

Aptos (APT) to Release $175 Million Worth of APT Tokens

At least 25 projects have scheduled token unlocks in December. However, as of writing, the data shows that Aptos’ $175 million unlock is the highest compared to other projects’ token unlocks.

In addition to this, the project will unlock 24.84 million APT tokens, which notably consist of 8.95% of the circulating supply, on the upcoming date of Dec. 12.

Lastly, the screenshot below shows that there are four beneficiaries of Aptos’ token unlocks:

  • 1.33 million tokens worth $9.40 million for the Foundation.
  • 11.88 million tokens worth $83.72 million for the core contributors.
  • 8.42 million tokens worth $59.39 million for the investors.
  • 3.21 million tokens worth $22.63 million for the Aptos community.

Aptos Token Unlock. Source: TokenUnlocks

Interestingly, Aptos’ previous unlock occurred on Nov. 12, during which the project released the exact same amount of tokens. The screenshot below shows that APT is down by around 16% since Nov. 12.

APT/USDT, Binance. Source: TradingView

Optimism (OP) Will Unlock 24.16 Million Tokens for Core Contributors And Investors

Last, but not least, Optimism will unlock 24.16 million tokens worth $41.31 million on Dec. 30. The 2.74% supply will be unlocked for core contributors and investors through the following allocation:

  • 12.75 million tokens worth $21.80 million for the core contributors.
  • 11.41 million tokens worth $19.51 million for the investors.

Read more: What Is Optimism?

Optimism Token Unlock. Source: TokenUnlocks

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision